Naftogaz Ukrainy is having talks with Azerbaijan on oil supplies to Kremenchuk oil refinery

September 22/2011

(Trend) -- The National joint-stock company
Naftogaz Ukrainy is having talks with Azerbaijan on oil supplies for processing
at the Kremenchuk oil refinery, Naftogaz deputy board chairman Vadym Chuprun was
quoted as saying by Ukrinform. He said the company’s delegation visited
Azerbaijan on Sept.19, but a final agreement has not been reached yet.

Today, the State Oil Company of the Azerbaijan Republic (SOCAR) carries
out oil supplies on CIF conditions to the Kremenchug refinery, and two Western
refineries - Nadvoryan and Drogobych.

According to the Ukrainian Energy and Coal Industry Ministry, deliveries
of Azerbaijani oil to the Kremenchug refinery increased by 2.1 times in 2010 -
up to 1.614 million tons compared to 2009.

Its transportation was carried out mainly on the route "Oil delivery
point Odessa - Kremenchug’, which has a tariff of USD 20.5 per ton.